The Many Sides of Bitcoin
Pariah, darling, or somewhere in between. Bitcoin has continued to linger in the daily media spotlight since the shuttering of darknet’s black-market drug bazaar, Silk Road, and the subsequent announcement of the arrest of its alleged owner, Ross William Ulbricht (aka DPR), on October 2, 2013. Media mavens have long cast bitcoin as a sort of “geek fantasy” or in this case, a means to launder dirty money, primarily used by criminals engaging in drug trafficking, credit card fraud, or even murder for hire. Just prior to this news, bitcoin market prices had stabilized, hovering around the mid $100s.
